Hironobu Kitagawa, Chief Representative of JETRO
in Hanoi, said Vietnam-Japan cooperation, especially in economy, has recorded
new strides. Japan is currently one of the leading economic partners of
Vietnam. Its economy has been recovering from recession in recent years and
will grow at a faster pace in the time ahead.

He said Vietnamese businesses have begun to
invest or open affiliates and representative offices in Japan. However, the
number of such firms remains modest, mostly because information about Japan’s
business environment, advantages and potential has yet to reach enterprises in
Vietnam.

Kitagawa stressed that Japan is a good investment
destination because the country has a giant consumption market and has the
third biggest GDP in the world. Communication and transport systems in Japan
are developed, and in recent years, the Japanese Government has issued many
investment attraction incentives such as reducing corporate income tax and
streamlining procedures.

According to the JETRO official, Vietnamese
companies which want to invest in Japan will be provided with free services
after they finish registration procedures at the JETRO office. They will also
be given free temporary office space fully equipped with internet, telephone
and fax connections within 50 days of working at the Invest Japan Business
Support Centres, located at the cities of Tokyo, Yokohama, Nagoya, Osaka,
Kobe and Fukuoka.

Kitagawa said favourable conditions are offered
to Vietnamese firms with intention to invest in Japan.-VNA